Elevated production costs for Turkish producers amid low scrap availability and less slab purchasing options.

The domestic demand forecast was cautiously optimistic, according to market sources, led by stronger increased spending for the infrastructure market.

However, the net debt to equity ratio of steel companies is still significantly better than in the 2010-2019 period.

Hoa Phat Group has signed a contract to export 10,000 tonnes of steel wire in coil form to Europe.

Finished Import Market Share Estimated at 23 Percent in December.

Europe may continue to dominate US thermal coal exports in 2023 but demand for high-sulfur coal may wane.

Finished Import Market Share YTD at 24%

US hot rolled coil (HRC) spot prices moved down as the market remained quiet due to the Christmas holiday.